# Colliers Sold a 2,883-Unit Simply Storage Portfolio Across Virginia on October 12, 2026 > A four-site Simply Storage strip spanning 302,400 square feet and 2,883 units in three Virginia MSAs traded through Colliers on October 12, 2026. Seller representative Ashley Compton framed it as rare scaled cash flow with revenue-management upside, landing the same week MyPlace closed 2,114 North Carolina units. - URL: https://www.yourcaio.co/news/colliers-simply-storage-virginia-2883-unit-portfolio-october-2026 - Published: 2026-10-14 - Author: David Cartolano (https://www.yourcaio.co/about) - Category: Acquisitions - Tags: Colliers, Simply Storage, Virginia, Portfolio Sale, Institutional Buyer - Source: [Colliers](https://capdex.com/news/colliers-ashley-compton-brokers-sale-of-four-property) ## Key Takeaways - Colliers announced on October 12, 2026, the sale of the Simply Storage Virginia Portfolio: four self-storage facilities totaling 302,400 net rentable square feet and 2,883 units across Virginia, with Ashley Compton representing the seller and an institutional investor named as buyer. - The assets span Northern Virginia, the Richmond region, and Virginia Beach, giving the buyer immediate scale across three of Virginia's most liquid self-storage markets, per Colliers' October 12 announcement reported by Capdex on October 13, 2026. - Across the portfolio, average unit size works out to roughly 105 net rentable square feet per unit (302,400 square feet divided by 2,883 units), a mix consistent with suburban drive-up and small climate-controlled inventory rather than bulk warehouse storage. - Seller representative Mark O'Neil said Colliers ran a competitive process that generated significant investor interest, per the October 12 release; sale price and cap rate were not disclosed in the public announcement. - List Self Storage's May 2026 marketing materials for the same portfolio cited 19.26 acres and a 6.75% cap rate on the offering memorandum, a broker marketing figure buyers would have reconciled against in-place rents before October's close. Colliers announced on **October 12, 2026**, the sale of the **Simply Storage Virginia Portfolio**: **four** self-storage facilities totaling **302,400** net rentable square feet and **2,883** units to an **institutional investor**, with **Ashley Compton** representing the seller. Capdex published Colliers' release on **October 13, 2026**. The trade is a clean read on what still clears in October 2026: scaled Mid-Atlantic cash flow, not a distressed single-asset dump. --- ## What Did Colliers Announce About the Virginia Portfolio? Colliers positioned the package as rare scaled inventory across three Virginia MSAs: **Northern Virginia**, the **Richmond region**, and **Virginia Beach**. | Metric | Colliers (Oct. 12, 2026) | |--------|--------------------------| | Properties | 4 | | Net rentable area | 302,400 SF | | Units | 2,883 | | Implied average unit size | ~105 SF | | Seller rep | Ashley Compton, Colliers Self Storage Group | | Buyer | Institutional investor (unnamed) | | Disclosed price / cap | None | Colliers said the buyer gets **immediate scale**, a **diversified tenant base**, and **paths to future revenue growth** across three liquid markets. That language matches how institutional buyers underwrite 2026: hold in-place cash flow, then run revenue management and expense synergies across a multi-site footprint. --- ## Why Would an Institutional Buyer Pay for 2,883 Virginia Units Now? National advertised rates are still defensive. [Yardi Matrix reported a 1.9% year-over-year decline in August 2026](https://www.yourcaio.co/news/yardi-matrix-september-2026-advertised-rates-1-9-percent-august-2026). [Capright's October REIT update](https://www.yourcaio.co/news/capright-october-2026-reit-occupancy-ecri-street-gap-2026) showed occupancy improving while Public Storage's in-place versus street spread remained wide. Virginia is not a monolith, but **Northern Virginia**, **Richmond**, and **Virginia Beach** are three of the Commonwealth's deepest institutional markets. A four-property strip lets a buyer centralize call-center routing, dynamic pricing, and insurance programs without building a platform from scratch. > "This transaction highlights the continued strength of investor demand for scaled self-storage opportunities in high-growth markets. Portfolios of this quality and size rarely come to market, particularly those offering both in-place cash flow and clearly identifiable paths to future value creation." - **Ashley Compton, Principal and Vice Chairman, Colliers Self Storage Group** Seller-side representative **Mark O'Neil** added that Colliers ran a **highly competitive process** that generated **significant investor interest**. Translation: multiple institutional bids, not a one-buyer negotiation. --- ## How Does the Marketing Story Compare With the Closing? List Self Storage flagged the same portfolio in **May 2026** as **302,400 SF**, **2,883 units**, **19.26 acres**, brokered by Colliers, with a **6.75%** cap rate on the offering memorandum. Marketing cap rates are not closing statements, but they tell you how sellers pitched the asset during a soft street-rate year. Buyers underwriting October would have stress-tested: - **In-place rent roll** versus competitor street rates by unit size - **Turnover risk** if move-outs normalize after a retention-heavy 2026, a theme [BMS Group's fall outlook](https://www.yourcaio.co/news/bms-fall-2026-self-storage-street-rates-supply-outlook-october-2026) and Yardi both raised - **Revenue-management upside** Colliers explicitly marketed The absence of a disclosed price in the October release is normal for institutional trades where neither side wants the next seller anchoring to their number. --- ## What Does October 12 Tell Us About Deal Flow? Two large regional stories landed the same calendar day: - **[MyPlace's four Save Green conversions](https://www.yourcaio.co/news/myplace-self-storage-north-carolina-four-property-october-2026)** added **2,114** units and **225,559** square feet in North Carolina. - **Simply Storage Virginia** added **2,883** units and **302,400** square feet across three MSAs for an institutional buyer. Different buyer types, same thesis: **clustered square footage** still trades while REIT earnings calendars dominate headlines. [Public Storage's early-October Colorado buys](https://www.yourcaio.co/news/public-storage-colorado-ibox-aurora-fort-collins-october-2026) show the public side still absorbing Argus-marketed packages too. For independents, the lesson is segmentation. A four-site Virginia portfolio competes on process and scale. A single-asset mom-and-pop trade, like [EquiCap's October sale of 210-unit H&P Mini Storage in Waukegan](https://www.yourcaio.co/news/equicap-hp-mini-storage-waukegan-october-2026), competes on basis and operational upside, not portfolio synergies. Both can close in the same week. --- ## The Numbers Worth Writing Down - **October 12, 2026:** Colliers announced the Simply Storage Virginia Portfolio sale - **4** facilities across **3** Virginia market regions - **302,400** net rentable square feet - **2,883** units (~**105** SF per unit average) - **Institutional** buyer (unnamed) - **Ashley Compton** seller representation; **$3.4B+** career volume cited by Colliers - **6.75%** cap on May 2026 OM marketing (List Self Storage, not a closing cap) - **19.26 acres** on the same marketing profile --- ## Scale Still Beats Waiting for a Macro Green Light Institutional capital did not need August street rates to turn positive before buying **2,883** Virginia doors. It needed a competitive process, three liquid submarkets, and a rent roll that survives a stress test. That is the October 2026 acquisition market: fewer blockbuster portfolios than 2021, but **300,000-square-foot** Mid-Atlantic strips still clear when brokers run real auctions. Operators sitting on multi-site brands in Virginia should notice who showed up to bid. --- ## Sources - [Colliers' Ashley Compton Brokers Sale of Four-Property Simply Storage Virginia Portfolio](https://capdex.com/news/colliers-ashley-compton-brokers-sale-of-four-property), Capdex (Colliers announcement), October 13, 2026 - [List Self Storage marketing profile for Simply Storage Virginia Portfolio](https://www.linkedin.com/posts/list-self-storage_list-self-storage-hot-new-listings-activity-7457435358935269377-gCqL), List Self Storage, May 2026 ## Frequently Asked Questions ### How large was the Simply Storage Virginia portfolio Colliers sold in October 2026? Colliers announced October 12, 2026 that the Simply Storage Virginia Portfolio totaled 302,400 net rentable square feet and 2,883 units across four facilities. The buyer was described as an institutional investor. Ashley Compton of Colliers' Self Storage Group represented the seller. Price and cap rate were not disclosed in the public release. ### Which Virginia markets did the Simply Storage portfolio cover? Colliers said the four properties sit across Northern Virginia, the Richmond region, and Virginia Beach. The firm pitched immediate scale in three active Commonwealth markets plus diversified tenants and revenue-growth opportunities. Individual street addresses were not listed in the October 12 announcement summarized by Capdex. ### Who brokered the Simply Storage Virginia portfolio sale? Ashley Compton, principal and vice chairman with Colliers' Self Storage Group, represented the seller, per Colliers' October 12, 2026 announcement. Colliers said Compton has sold or listed more than 28.5 million square feet of self-storage assets in his career, with transaction volume exceeding $3.4 billion. ### How does the Virginia trade compare with other October 2026 acquisitions? The 2,883-unit Virginia package is larger than many single-asset October trades but smaller than [MyPlace's four-site, 2,114-unit North Carolina batch](https://www.yourcaio.co/news/myplace-self-storage-north-carolina-four-property-october-2026) announced October 12, 2026. Both closings show regional platforms and institutions still buying clustered square footage despite soft national advertised rates. ### Did Colliers disclose the sale price or cap rate? No. The October 12, 2026 Colliers announcement reported by Capdex named the unit count, square footage, markets, and buyer type only. List Self Storage's earlier broker marketing for the portfolio cited a 6.75% cap rate on the offering memorandum, but that figure was pre-close marketing, not a confirmed closing statement. --- Cite as: David Cartolano, "Colliers Sold a 2,883-Unit Simply Storage Portfolio Across Virginia on October 12, 2026," YourCAIO.co, 2026-10-14, https://www.yourcaio.co/news/colliers-simply-storage-virginia-2883-unit-portfolio-october-2026